FTMM secures court consent for capital reduction

MG News | March 24, 2025 at 01:21 PM GMT+05:00

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March 24, 2025 (MLN): The Court has issued a certified order approving First Treet Manufacturing Modaraba (PSX: FTMM)'s petition for the reduction of paid-up capital, as confirmed by the company's external legal counsel.

This favorable outcome marks a key milestone in FTMM's ongoing strategy to optimize its capital structure in alignment with its operational and financial objectives while ensuring compliance with all applicable legal and regulatory requirements.

The aforementioned information was disseminated through a notification to Exchange.

This development follows FTMM's earlier disclosure dated February 3, 2025, regarding the filing of a petition with the Honorable Lahore High Court for the reduction of its paid-up capital.

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